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20121201
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CSPAN
Dec 23, 2012 10:05pm EST
, tax reform. reagan tripled in defense and the national debt. in 1994, he owed russia. the 1982 tax cuts, the bank reforms, that minimized our deductions for health care and let the health care costs skyrocket. then you have the savings and loan crisis. you could not write off your credit-card deductions. host: you were there for much of that debate. guest: a lot of that history that dave is mentioning is correct. there have been a lot of changes going on, ups and downs. the current debate is different, do not forget. after having surpluses at the end of the clinton administration, we went into debt almost a decade ago -- deficits almost a decade ago. the problems have gotten more difficult. at the moment, we have some interesting changes. you talk about 30 years since reagan. the country is getting older, so medicare, medicaid, social security costs more, but we have also had a lot of tax cuts. revenue is at the smallest amount since 1950. if we just got revenue back up to historical average, a deficit would be about $500 billion less than a career that is. the problem with that mu
CSPAN
Dec 22, 2012 4:14pm EST
china's continental border with russia. what about china buying into actuallyand actually, wa colonizing siberia? how does that worry the united states, china getting stronger on account of siberia and throw a have not heard on any proposal? >> i have not heard of any proposals of china buying into siberia. >> oh, investment. >> united states once a prosperous china that assumes greater responsibility and engagement from the world commensurate with its capabilities and economic power. we do not want china simply to grow and take a free ride or get a free ride on everything else that is happening around world. china needs to step up and take a responsible role in managing international affairs, whether it is conflict in africa, to the middle east, to north korea, and elsewhere. we're seeing some of that already. there's good cooperation on many issues, including afghanistan, engagement with china on issues of north korea. we may not always agree, and certainly china has cut back its purchase of iranian oil and is working with united nations and united states on trying to dissua
Search Results 0 to 1 of about 2